A threat to UNI's dominance of DeFi.Uniswap (UNI) has long been a leader in decentralized exchanges thanks to its liquidity pools and automated market protocols.
But what happens when marketers start looking for something new, something that promises higher returns in a shorter time?
Source: CoinMarketCap
Uniswap’s (UNI) chart shows a clear negative trend over the past month. The asset has gone through a prolonged period of high levels but has failed to maintain that strength. Consistent lower highs and significant price declines indicate that sellers are dominating. Despite brief recoveries, they lack volume and momentum, making them unsustainable.
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UNI is currently trading at lower levels compared to its recent highs, with no clear catalysts for upside. The lack of buying interest and general weakness of the trend suggests that any recovery is likely to be short-lived. There are no clear signs of a trend reversal and further declines remain possible. Without a change in fundamentals or market sentiment, a UNI price recovery seems unlikely in the short term.
Chainlink (LINK) was once the primary oracle for transmitting real data in smart contracts. But let’s be honest – innovation in DeFi alone is not enough to deliver the 100x returns sought.
Source: CoinMarketCap
Chainlink’s chart (LINK) shows a pattern that coincides with the exhaustion of the bull trend. After reaching significant highs, the asset failed to sustain the upward momentum and gradually began to fall. Although short-term recoveries are seen, they lack volume and strength, indicating that the trend is weakening.
LINK is currently trading at lower levels compared to its peak, with no clear signs of recovery or sustained buying. The continued inability to break through resistance indicates that market sentiment remains negative. Without significant changes in external factors or strong catalysts, further growth seems unlikely and the asset may continue on its downward course.
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While UNI and LINK struggle for relevance, BeerBear is gaining attention and market share at an unbeatable pace. This small market cap meme token may have what it takes to outpace the big DeFi giants, offering returns of x150+ for those who get in before the full breakout, according to its developers.
Website: https://beerbear.io
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